City of Columbus - File #: 0129-2004

• File #: 0129-2004
• Version: 1
• Type: Ordinance
• Status: Passed
• File created: 1/12/2004
• In control: Utilities Committee
• On agenda: 2/9/2004
• Final action: 2/10/2004
• Title: To authorize the Director of Public Utilities to pay Water Pollution Control Loan Fund application fees to the Ohio Water Development Authority, for two Sewerage and Drainage Division projects; to authorize the expenditure of $294,133.00; and to declare an emergency. ($294,133.00)

Date	Ver.	Action By	Action	Result
2/10/2004	1	MAYOR	Signed
2/10/2004	1	CITY CLERK	Attest
2/9/2004	1	Columbus City Council	Approved	Pass
2/9/2004	1	COUNCIL PRESIDENT	Signed
1/27/2004	1	CITY ATTORNEY	Reviewed and Approved
1/27/2004	1	Utilities Drafter	Sent to Clerk's Office for Council
1/26/2004	1	Utilities Drafter	Sent for Approval
1/23/2004	1	Auditor Reviewer	Contingent
1/23/2004	1	CITY AUDITOR	Reviewed and Approved
1/22/2004	1	Utilities Drafter	Sent for Approval
1/21/2004	1	UTILITIES DIRECTOR	Reviewed and Approved
1/21/2004	1	UTILITIES DIRECTOR	Reviewed and Approved
1/13/2004	1	Utilities Drafter	Sent for Approval
1/13/2004	1	Utilities Reviewer	Reviewed and Approved

Explanation

1. BACKGROUND

A. Need: This legislation is necessary for the City to pay the loan application fees for two loan agreements totaling $84,037,960. These two General Engineering Section projects (identified in Section 1.) are scheduled for approval for financing through the Ohio Water Pollution Control Loan Fund (WPCLF). This loan program is jointly administered by Ohio EPA's Division of Environmental and Financial Assistance, and the Ohio Water Development Authority (OWDA). The WPCLF provides below-market interest rate loans for municipal wastewater treatment improvements.
.
B. Emergency Designation: The City is required to pay the loan application fees upon execution of the loan agreements,
scheduled for approval at the OWDA January 29, 2004 board meeting. Fund Payment Requests cannot be processed until the
fees are paid.

2. FISCAL IMPACT
Budgeted Amount: There is sufficient budget authority in the 2004 Sewer System Operating Fund for application fee expenditures.

Title

To authorize the Director of Public Utilities to pay Water Pollution Control Loan Fund application fees to the Ohio Water Development Authority, for two Sewerage and Drainage Division projects; to authorize the expenditure of $294,133.00; and to declare an emergency. ($294,133.00)

Body

WHEREAS, two Sewerage and Drainage Division projects have been scheduled for financing through the Ohio Water Development Authority on January 29, 2004, which financial asistance will help to reduce the total project costs to the City's sewerage customers; and

WHEREAS, it is necessary to authorize the Director of Public Utilities to pay the requisite loan appliction fees to the Ohio Water Development Authority payable upon the delivery of the executed loan agreements; and

WHEREAS, the loan application fees will need to be paid in early February upon the delivery of the executed loan agreements, and therefore it is immediately necessary to authorize the Dir...